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2249 Bluegrass St, Marion, IA 52302

3 beds • 3 baths • 2197 sqft

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This property looks like a bad Airbnb investment with a projected -1.68% first-year return on $97,653 initial cash invested.

-1.68%

Cash On Cash

6.35%

Cap Rate

1.03

DSCR

$4,699

Rent

-$137

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,699 income − $4,836 expenses = $137 out of pocket

Income$4,699Out of Pocket$137Mortgage P&I$1,95542%Property Taxes$49010%Insurance$1353%Management$70515%CapEx$1884%Maintenance$1884%Other$1,17525%

Investment Breakdown

|

Purchase Price

$379k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,653

Downpayment

20%

$75,860

Closing costs

1%

$3,793

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,699

Total Expenses

$4,836

Mortgage P&I

42%

$1,955

Property Taxes

10%

$490

Home Insurance

3%

$135

HOA

0%

$0

Property Management

15%

$705

CapEx

4%

$188

Vacancy

0%

$0

Maintenance

4%

$188

Other

25%

$1,175

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